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Even if you dont know or have never heard the first thing about Dow Chemical even if you dont know that the company does 24 billion in sales and even if you dont know that the Dow corporation has been around for one hundred years it is entirely possible that you have at least one of their over 2400 products in your kitchen cabinet underneath your sink or in your laundry room The company keeps their hands in many proverbial cookie jars While being directly responsible for products like Ziploc bags Sprayn Wash and Glass Plus they also manufacture the plastic for the housings of computers and lesser-known products like insulation paneling Former President and Chief Operating Officer William Stavropoulos began as a research chemist for DOW in 1967 and went on to become the companies CEO in 1995 retired 2000 In an interview with Professor Richard Hodgetts he gave insight on the companys ongoing mission to improve the quality of life while leaving the environment a healthy place Stavropoulos collective-participative decision-making style helped the firm become a better place to work He believed in communication which is one of the most important aspects of running a company Instilling the idea that the more information people have the less bureaucracy there will be in the company the better on the spot decisions that people will be able to make the company invested in 38000 personal computers Intranet and training to enhance communication efforts Hodgetts He phased out unnecessary layers in management and cut the work force by 30 all while divesting unprofitable product lines the company had carried for years From research and development to the balance sheet Stavropoulos has in depth knowledge about all aspect of the company Of course the biggest challenge in restructuring the company was for all the employees to accept the changes that would be going on Stavropoulos leadership and decision-making style played a great effort in this transition His
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